Busy Week Head – Key Events, Issues And Market Impact In The Next Five Days

by FXTP SIGNALS

From ZeroHedge:

The week ahead will be driven by the heavy end-of-month data schedule. In addition to the usual key releases like ISM and payrolls and ECB meeting, this week we also get an FOMC meeting – though it will hardly see much more than a nod to the weaker activity data of late. For the ECB meeting a full refi but not a deposit rate cut are priced now. Outside the FOMC and the ECB meeting there will be focus on the RBI meeting in India, with a 25bp cut priced in response to lower inflation numbers recently.

Monday 29th April

Japan Holiday

Sweden Minutes of MPC Meeting

Italy Business Confidence (Apr): Probably too early to reflect the end of government uncertainty. Last reading was 88.9.

United States FOMC Meeting Results: Our baseline expectation is that the FOMC statement will show only modest changes, mostly or entirely in the first paragraph discussing the weaker economy. A potential surprise would be greater emphasis on downside inflation risks.

Thursday 2nd

Global PMIs (April): On average, consensus expects only moderate change in the global PMI reading from last month’s releases.

ECB Meeting: GS and consensus expect a refi rate cut to 0.50% but not a change in the deposit rate. The press conference will be key to gauge if more easing is in the pipeline and with regards to credit policies for the periphery.